What is blockchain? What are smart contracts? How will they impact legal practice? Blockchain technology is transforming law. It is creating new practice areas, it is reducing overhead costs and it is creating entirely new business models for legal advice.

The most strategic aspects, which are applicable to Blockchain Registers, Tokens Smart Contracts are those pertaining to the Final Link, the one that links the blockchains
to the real world. More specifically the three aspects are as follows: Internet of Things Cryptocurrency in the real world Legal value: The legal basis on which contracts entered into in blockchain
can be enforced.

The Global Legal Blockchain Consortium (GLBC) organizes and aligns global legal industry stakeholders to enhance the security, privacy, productivity, and interoperability of blockchain technology. Blue Ocean Law Group is a member of the GLBC.

Blockchain technology is likely to transform many aspects of how businesses and governments work. One of the biggest impacts will be on the ways layers and the legal profession do their jobs. Here we look at the key implications of the blockchain revolution for the legal sector.

ASIC is focused on misleading or deceptive conduct in the marketing and selling of digital or virtual tokens via initial coin offerings (ICOs). These offers can involve significant risks for investors that are often not disclosed or well understood. How the law can apply Misleading or deceptive conduct is prohibited under the Australian Consumer Law and the ASIC Act.

The IEEE, the world’s largest technical professional organisation, and smart contract and blockchain consortium the Accord Project, today announced an agreement to develop ‘techno-legal standards’ that will ...

As the popularity of blockchain increases, so does the likelihood that it will be involved in a lawsuit.
Some key findings include:
Parties are using public blockchain information to support allegations.
Parties can attempt to attribute knowledge of public blockchain information to others.
Use of cryptocurrency creates business risk.

Disintermediating human trade - business - is the first step towards a more fair world We take most power for granted. After all, humans enforce most of their social contracts by giving away some freedom. We usually think about intermediaries in a microscopic scale. We think about the guy who delivered us a package.

What are the real-world solutions that leverage blockchain today? Hear from colleagues who have actually designed and implemented projects using blockchain and are moving forward with the broad-based use of blockchain in their organizations.